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SEMINAR 5-1
Korean Shipbuilding against Global Shipbuilding Outlook
2002.10
Prepared by: Mr. S. D. Lee
The Korea Shipbuilders' Association
3rd Floor Officetel World
65-1 Unni-dong
Chongro-gu, Seoul, Korea
Tel : 82-2-766-4631
Fax : 82-2-766-4307
Contents
1. The Korean Shipbuilding Industry
2. Global Shipbuilding Outlook
3. Korea Shipbuilding Prospect
4. Establishment of Normal Competitive Conditions in the World Shipbuilding Market
1. The Korean Shipbuilding Industry
As of the end of 2001, about 63 shipbuilding companies were in operation in Korea including small- and medium-sized companies. Among these companies, nine shipbuilding companies currently comprise the membership of the Korea Shipbuilders Association (KSA), which accounts for the greater part, more than 95%, of Korea's shipbuilding output.
<Table 1 > Member companies of KSA
| Shipyard |
Activities |
| Hyundai Heavy Industries Co., Ltd. |
Newbuilding |
| Daewoo Shipbuilding & Marine Engineering Co., Ltd. |
Newbuilding, Repair, & Conversion |
| Samsung Heavy Industries Co., Ltd. |
Newbuilding |
| Hanjin Heavy Industries & Construction Co., Ltd. |
Newbuilding, Repair & Conversion |
| Samho Heavy Industries Co., Ltd. |
Newbuilding |
| Hyundai Mipo Dockyard Co., Ltd. |
Newbuilding, Repair & Conversion |
| STX Shipbuilding Co., Ltd. |
Newbuilding |
| Daesun Shipbuilding & Engineering Co., Ltd. |
Newbuilding |
| Shina Shipbuilding Co., Ltd. |
Newbuilding |
|
| Source : |
The Korea Shipbuilders' Association(KSA) |
New orders placed with Korean shipbuilders during the first half of 2002 amounted to 2.6 million CGT, which is a 36.5% decrease over the same period last year.
<Table 2> New Orders by Ship Type
(Unit: Thou.)
| |
1998 |
1999 |
2000 |
2001 |
2002.6 |
| No. |
CGT |
No. |
CGT |
No. |
CGT |
No. |
CGT |
No. |
CGT |
| Tanker |
82 |
2,460 |
61 |
1,998 |
157 |
4,694 |
112 |
2,941 |
61 |
1,787 |
| B.C. |
14 |
292 |
64 |
1,300 |
15 |
288 |
2 |
32 |
11 |
282 |
| Container |
50 |
1,578 |
76 |
2,463 |
110 |
3,858 |
44 |
1,590 |
12 |
360 |
| Others |
29 |
1,072 |
25 |
695 |
31 |
1,560 |
27 |
1,845 |
2 |
193 |
| Total |
175 |
5,402 |
226 |
6,456 |
313 |
10,402 |
185 |
6,408 |
86 |
2,622 |
|
Source : KSA
With productivity improvement and sufficient workload, ship completions during the first six months this year marked 3.9 million CGT, an increase of 13.5% over the same period of 2001.
<Table 3> Completions by Ship Type
(Unit: Thou.)
| |
1998 |
1999 |
2000 |
2001 |
2002.6 |
| No. |
CGT |
No. |
CGT |
No. |
CGT |
No |
CGT |
No |
CGT |
| Tanker |
73 |
2,313 |
90 |
2,560 |
80 |
2,553 |
61 |
1,875 |
56 |
1,754 |
| B.C. |
22 |
464 |
22 |
515 |
16 |
377 |
53 |
1,065 |
18 |
350 |
| Container |
37 |
890 |
16 |
465 |
61 |
1,850 |
79 |
2,758 |
36 |
1,302 |
| Others |
31 |
645 |
34 |
1,301 |
23 |
1,267 |
14 |
749 |
10 |
470 |
| Total |
163 |
4,312 |
162 |
4,841 |
180 |
6,047 |
207 |
6,447 |
120 |
3,876 |
|
Source : KSA
As of the end of June this year, meanwhile, order book recorded 15.0 million CGT more than a two-year workload.
<Table 4> Order Books by Ship Type as at the
year end
(Unit: Thou.)
| |
1998 |
1999 |
2000 |
2001 |
2002.6 |
| No. |
CGT |
No. |
CGT |
No. |
CGT |
No |
CGT |
No |
CGT |
| Tanker |
157 |
4,799 |
140 |
4,664 |
215 |
6,727 |
265 |
7,768 |
302 |
10,231 |
| B.C. |
35 |
819 |
84 |
1,753 |
78 |
1,558 |
24 |
445 |
18 |
398 |
| Container |
55 |
1 ,746 |
116 |
3,747 |
165 |
5,752 |
1 28 |
4,512 |
104 |
3,590 |
| Others |
52 |
2,652 |
47 |
1,739 |
45 |
2,372 |
58 |
3,490 |
16 |
753 |
| Total |
299 |
10,016 |
387 |
11,903 |
503 |
16,408 |
475 |
16,215 |
440 |
14,972 |
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Source : KSA
As of the end of 2001, a total of 63,900 shipbuilding workers were employed by member companies of KSA.
<Table 5> Shipbuilding Employment
| Category |
1997 |
1998 |
1999 |
2000 |
2001 |
| White Collar |
9,800 |
9,000 |
8,800 |
10,400 |
11,400 |
| Blue Collar |
27,300 |
26,300 |
25,700 |
26,000 |
27,200 |
| Subcontractors |
13,300 |
13,200 |
12,300 |
18,100 |
25,300 |
| Total |
50,400 |
48,500 |
46,800 |
54,500 |
63,900 |
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Note : KSA member companies only
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